2013-03-29

USA bank CD rates - all these rates look like a huge scam...

Isn't it a scam? Banks decieve silly americans...

National Highest Yield MMA and Savings Accounts
http://www.bankrate.com/funnel/savings/savings-results.aspx?prods=34

$10K MMA & Savings


American Bank
$10K MMA
   
0.15%  Fri Mar 29
   
Intro rate: 0.15%
Intro months: 0
Rate post intro: 0.15%
Compounded daily
   
To open: $10,000
To avoid fees: $1,000
Monthly fees: $5.00
Check writing: Yes

OMG... americans have to invest $10,000 to earn miserable 0.15% per year and make $150 annually... This $#!T is called one of the NATIONAL HIGHEST RATES!!!
Is it worth to invest money at an interest rate that will not beat the  inflation? NO. :)

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